Adaptive Insights Closes $75 Million Investment to Power New Era of Corporate Performance Management for Modern Finance Leaders

PALO ALTO, Calif. – June 30, 2015 –Adaptive Insights, the leader in cloud corporate performance management (CPM) for the biggest brands and the hottest companies, today announced that the company has secured $75 million in funding to accelerate product roadmap innovation and global expansion. With its cloud-based finance solution, Adaptive provides market-changing opportunities both to Excel users and companies that rely on legacy on-premises solutions. With 2,700 customers, more than three times the customers of all other cloud CPM vendors combined, Adaptive helps high-growth companies scale through IPO and beyond, while also enabling blue chip enterprises to reinvent core processes to outpace the competition.

“Financial and operational management is the cornerstone for every successful company. Adaptive leads this market through tremendous product innovation, strong executive leadership, and a rapidly growing, fanatical customer base. These characteristics define high performing SaaS companies,” said Peter Arrowsmith, general partner at JMI Equity. Arrowsmith will be joining Adaptive as a Board Observer.

CEO Tom Bogan, experienced enterprise software executive and chairman of the board at Citrix Systems (CTXS), is at the helm of Adaptive and is applying his 25-year success record in building and growing large, publicly traded enterprise and cloud software companies.

“CFOs are increasingly taking center stage in the strategy and direction of their organizations and looking for the right technology to provide real-time data and powerful insights to gain a 360-degree view of their business,” commented Bogan. “Adaptive invented the cloud CPM market and is in an unparalleled position to help finance leaders take their planning and analysis to the next level, particularly as they continue to innovate, drive company growth, and manage business transformation.”

The recent funding is further validation of Adaptive’s success trajectory, which includes:

Largest ecosystems of 200+ partners, with partners contributing to half of Adaptive’s new ARR across 16 different countries.

Enhanced cloud-based Adaptive product suite focused on performance, scalability and a feature set targeting enterprise customers that includes rich integration capabilities. And recently announced Adaptive Solutions is a new approach that leverages a combination of model templates, packaged content and best practice professional services gained through thousands of successful customer implementations. Adaptive Revenue, the first Adaptive Solution, differentiates by being the only industry solution that brings together sales, finance, and service stakeholders on a unified cloud CPM and business intelligence (BI) platform for planning, reporting, and analysis of the entire revenue lifecycle.

Industry validation with the Highest Ability to Execute score of any vendor in the Visionaries Quadrant in Gartner’s 2015 CPM Magic Quadrant.

Adaptive is seeing tremendous adoption among large enterprises across multiple sectors, including American Family Insurance, Coca-Cola, Kendall-Jackson Family Wines, Philips, Southwest Gas, and University of Arizona. Adaptive also recently surpassed the 500-customer mark for high-growth technology companies, including FireEye, LinkedIn, and ZenDesk.